According to CoinStats, the top 10 coins are all in the green zone at the beginning of the weekend.
BTC/USD
Bitcoin (BTC) price has increased by 1.06% since yesterday.
On the hourly chart, the BTC rate is trying to break out of the local support at $101,700. If that happens, traders could see a further decline to the $101,000 level.
On the larger time frame, the prices of the major cryptocurrencies are within yesterday’s bars, meaning that neither side is in the ascendancy.
In this case, a trade sideways in a narrow range of $100,000 to $104,000 is the more likely scenario.
From a medium-term perspective, we should focus on the nearest support at $98,240. If a breakout occurs, the accumulated energy could be enough for an even bigger drop to the $90,000 to $95,000 zone.
At the time of writing, Bitcoin is trading at $101,526.
